Digital asset is a term that has been increasingly discussed within the estate planning community in the past decade and with good reason. Any person who has established online accounts or has created digital content has digital assets. Think of them as the virtual form of your physical life. Bank accounts, social media, photos, videos, and cloud-based storage - any content you create electronically becomes a digital asset.
Estate planning is much more than just drafting a will or moving assets into a trust. Of course, those are very important parts of the process, but there are many additional aspects of a comprehensive estate plan.
Estate plans are not to be taken lightly. They control where your assets go or what should happen to you and/or your children if a tragedy occurs. Because your wishes depend so heavily on an estate plan, you need to make sure you complete the documents correctly. Otherwise, your property could be distributed or handled in a way that you would never have chosen.